Tuesday, August 07, 2007

The True Rulers Of America


I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.


I sincerely believe that banking establishments are more dangerous
than standing armies, and that the principle of spending money to be
paid by posterity, under the name of funding,
is but swindling futurity on a large scale.


If the American people ever allow private banks to control
the issue of their currency, first by inflation, then by deflation,
the banks and the corporations which grow up around them will
deprive the people of all property until their children wake up
homeless on the continent their fathers conquered.

Andrew Jackson

Controlling our currency, receiving our public money, and
holding thousands of our citizens in dependence...would be
more formidable and dangerous than a military power of the enemy.

Andrew Jackson

Click here if you have 3 1/2 hours to receive a real education.

9 Comments:

At 8:21 PM, August 07, 2007 , Blogger J.C. said...

Well bravo and pretty good.
---
While it does not get at the real issues, and is mostly an historical piece, it points out some themes about money concepts.

Most of the concepts it discuss`s hearken back to the Adam Smith brand of economics, which is antique and based purely 18th century ideas of human labor. Not really appropriate for a high energy civilization. AT ALL.

For people serious about the issues, this is a disappointing video.

I saw it a while back. It is mostly Libertarian nonsense, but for some, it will be a little eyeopening and may lead to looking deeper.

 
At 1:47 PM, August 08, 2007 , Anonymous Anonymous said...

Hmmm.

II, one of the issues that really gets me is the dramatic drop in "real wages" over the past 40 years. My grandfather was a garbageman and supported a wife and 5 kids on his salary alone. And they had a house.

WTF?

Big J

 
At 2:08 PM, August 08, 2007 , Blogger Intellectual Insurgent said...

I can only assume that your grandfather did so at a time when the dollars he earned were backed by something. As opposed to the dollars we have now, that with every minute that passes, becomes more and more worthless, requiring you to work harder and harder just to stay afloat.

That's why this generation is the first to be worse off then our parents.

 
At 4:37 PM, August 08, 2007 , Blogger J.C. said...

That is an accurate assessment within the context of our Price System, but only in that context.

It is true that our dollars are worth less, but that is not due to any magic of gold or such.

It is due to Globalism and the desire for money changers of large scale to further destroy our resource base, and acquire more more and more money.

 
At 4:40 PM, August 08, 2007 , Blogger J.C. said...

For a better video that explains these issues in a more direct way, check out the google video,
Money as Debt.
Google that and it should come up.
You may want to replace this one Insurgent, with that one.
It is better.

 
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